Two-Park Midwest Portfolio

Property Description

🌟 Two-Park Midwest Portfolio – Terre Haute, IN & Robinson, IL

📍 2250 E Haythorne Ave, Terre Haute, IN

🔗 Maps Link

🏡 23 Pads – 95% occupied (1 vacancy pending new home delivery, historically zero vacancy)
💧 City Water & Sewer – Sub-metered with Metron meters ($5/resident)
⚡ Utilities: Direct billed electric & gas
💵 Lot Rent: $400 (includes trash)
Free lot rent for on-site manager
🏠 2 POHs – Rents at $620 & $748 (including lot rent)
Asking $1.5M

📍 Southwind Estates MHP – 800 Southwind Blvd, Robinson, IL

🔗 Maps Link

🏘 68 Pads – Mix of MH & RV (10–12 RVs typically)
💧 City Water & Sewer – Sub-metered with Metron meters
💵 Lot Rents: $310–$385 for MH (trash included)
🚐 RV Pads: $450/month
🏠 Tenant Mix: 40 TOH & 12 POH (POHs rent $350–$600 depending on home)
👨‍💼 Management: Currently 2 managers (previously 1 managed both communities, only 45 mins apart)
🏭 Economic Drivers: Robinson is home to 3 Fortune 500 companies, ~7,000–8,000 residents, and sits across from one of the largest oil refineries in the Midwest
Asking $2.9M

💰 Portfolio Highlights

Combined 91 pads across 2 stabilized communities
Strong occupancy and tenant-owned home base
Utility bill-back system with sub-metering in place
Located in employment-rich Midwest markets with Fortune 500 presence and strong rental demand
Proven management structure (historically managed as one portfolio)

Investment Highlights

This two-park portfolio offers investors the chance to acquire a stable, cash-flowing asset with value-add upside. Both properties feature public utilities, utility recapture via sub-metering, and a healthy mix of TOH/POH tenants. With strong occupancy, consistent rental collections, and close proximity (only 45 minutes apart), this portfolio is ideal for investors seeking scale in the Midwest affordable housing sector.

📍 Terre Haute provides a reliable base with nearly full occupancy and minimal turnover, while Southwind Estates in Robinson benefits from a diverse economy, Fortune 500 employers, and refinery-driven demand—ensuring strong tenant retention and long-term rental growth.

🔥 Why Investors Like It:
✅ Two parks, close proximity, easily managed together
✅ Public utilities with sub-metering & RUBS in place
✅ Strong economic drivers with Fortune 500 employers nearby
✅ Opportunity to push rents & optimize POH income